Key facts: Vitalik Buterin withdraws 16,384 Ether; 70,500 ETH reallocated; RSI drops to 34
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Vitalik Buterin has withdrawn 16,384 Ether to support Ethereum's long-term development. Funds will enhance scalability, decentralization, and security amid a period of adjusted spending.123Ethereum is reallocating about 70,500 unclaimed ETH from the 2016 DAO hack to a new DAO Security Fund, aiming to boost network security with around $200 million in Ether.45Ethereum's RSI dropped from 68 to 34, indicating bearish momentum. Trader Peter Brandt noted that recent price movements challenge bullish traders after ETH fell below a key trendline.6
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